Shiva Cement (BOM:532323) Debt-to-Equity : -9.70 (As of Mar. 2024)

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What is Shiva Cement Debt-to-Equity?

Shiva Cement's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹266 Mil. Shiva Cement's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹13,966 Mil. Shiva Cement's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹-1,468 Mil. Shiva Cement's debt to equity for the quarter that ended in Mar. 2024 was -9.70.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Shiva Cement's Debt-to-Equity or its related term are showing as below:

BOM:532323' s Debt-to-Equity Range Over the Past 10 Years
Min: -16.43 Med: 0.47 Max: 22.76
Current: -9.7

During the past 13 years, the highest Debt-to-Equity Ratio of Shiva Cement was 22.76. The lowest was -16.43. And the median was 0.47.

BOM:532323's Debt-to-Equity is not ranked
in the Building Materials industry.
Industry Median: 0.39 vs BOM:532323: -9.70

Shiva Cement Debt-to-Equity Historical Data

The historical data trend for Shiva Cement's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Shiva Cement Debt-to-Equity Chart

Shiva Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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22.76

-8.49

-16.43

-15.71

-9.70

Shiva Cement Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	-15.71	-13.34	N/A	-9.70

Competitive Comparison of Shiva Cement's Debt-to-Equity

For the Building Materials subindustry, Shiva Cement's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shiva Cement's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Shiva Cement's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shiva Cement's Debt-to-Equity falls into.

Shiva Cement Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shiva Cement's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(266.46	+	13965.583)	/	-1467.678
	=	-9.70

Shiva Cement's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(266.46	+	13965.583)	/	-1467.678
	=	-9.70

Shiva Cement (BOM:532323) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Shiva Cement Debt-to-Equity Related Terms

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Shiva Cement (BOM:532323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Shiva Cement Ltd (BOM:532323) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Village Telighana, PO: Birangatoli, Tehsil-Kutra, District-Sundargarh, Sundargarh, OR, IND, 770018

Website

https://www.shivacement.com

Shiva Cement Ltd is an India-based company engaged in the manufacturing and selling of cement and its allied products. The company caters to domestic markets. The company's products include Portland Slag Cement (PSC) and Portland pozzolana cement for general construction purposes, Clinker, and Limestone Chips.

Shiva Cement (BOM:532323) Headlines

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